Weekly Summary:2021 China Bearing Steel Market Trend in Fourth Week of December Will Up 0.42%

1. The prices of mainstream varieties of high-quality special steel

The prices of mainstream premium special steel varieties rose slightly this week, with 45# closing at 5510 yuan/ton, up 23 yuan/ton from last week, 40Cr at 5736 yuan/ton, up 22 yuan/ton from last week, and 20CrMnTi at 5,836 yuan/ton. Last week it rose 37 yuan/ton, and CrMo closed at 6,125 yuan/ton, up 16 yuan/ton from last week.

2. The main market prices and spreads of special steel

This week, Hangzhou, the main market for high-quality special steel in the country, closed at 5,510/ton, and Shandong at 5,390 yuan/ton, with a price difference of 120 yuan/ton in leading cities.

Zhejiang market: This week, the price of Zhejiang special steel market rose first and then fell. The mainstream price of 45#Φ30 and above is Hang 5510 yuan/ton Huai 5520 yuan/ton South 5510 yuan/ton, Yuanli (direct delivery) 5470 yuan/ton Zhongtian 5510 yuan/ton Dongfang 5490 yuan/ton. On the market side: prices rose first and then fell this week. At the beginning of the week, the oversold rebound of goods drove the market's bullish sentiment. Prices rose slightly, and transactions were generally better; mid-week price rises were weak, downstream purchases were beginning to show signs of weakness, and transactions gradually weakened. At the end of the week, market prices began a new round of dark drops, traders' transactions were not smooth, and market sentiment was sluggish. In general, the demand side is currently weak, and the overall market momentum is insufficient. Under short-term sentiment, there may be a slight increase but it is difficult to sustain. It is expected that the Zhejiang high-quality steel market will continue to fluctuate and run weakly next week.

Jiangsu market: This week, the market price of Jiangsu special steel increased first and then slowed down. The mainstream price of the market above 45#Φ30 is Huaigang 5500 yuan/ton, Dongfang Special Steel Plant raises 5480 yuan/ton, Hangzhou Steel 5480 yuan/ton, 40Cr Huaigang 5740 yuan / ton, gear Laiwu 5780 yuan / ton, chrome molybdenum Laiwu steel 6000 yuan / ton. In terms of steel mills, the total stock of bars in Jiangsu You Special Steel Plant was 446,000 tons, a decrease of 8,000 tons from last week, a decrease of 1.76% from the previous week, and an increase of 147,400 tons from the same period last year, a year-on-year increase of 49.36%. In terms of the market, downstream demand is not tepid, but considering that some local steel mills began to overhaul in early September, coupled with the high prices in the north, it is difficult to move south in the short term, and market resources are tight. The market will continue to show a weak supply and demand situation. It is expected that next week The price of Jiangsu special steel fluctuates.

Central China market: This week, the price of the Huazhong premium special steel market continued to weaken and run steadily. Zhengzhou 45# Jinan Steel is 5670 yuan/ton, an increase of 40 yuan/ton from last week; Changsha 45# Xianggang is 5410 yuan/ton, which is unchanged from last week's price; Wuhan 45# Xianggang is 5370 yuan/ton, which is an increase from last week. Fell 20 yuan/ton. Currently, traders in the Central China market have poor shipments, and market inventories are gradually accumulating. There is little room for price increases, and prices have fallen overcast at the end of the week. However, supported by the cost of steel mills, it is difficult for prices to fall quickly in the short term. It is expected that the price of special steel in the Central China market will consolidate next week.

Shandong market: This week, the price of Shandong special steel market rose in the first half of the week, and mainly fell in the second half. The price of local special steel 45# Luli 5390 yuan/ton, Fulun 5390 yuan/ton out of stock, Guangfu Dayuan 5360 Yuan/ton, Xiwang 5530 yuan/ton, Weigang 5450 yuan/ton, Juneng 5450 yuan/ton, Laiwu Steel 5450 yuan/ton. At the beginning of the week, market transactions were good, and Luli’s direct issue price rose to 5,400 yuan/ton. Then market transactions weakened again, and market prices fell slightly. However, due to the low output of steel mills, market price support was strong. Short-term market supply and demand are weak, and market prices are expected to fluctuate mainly.

Chongqing Market: The overall price of Chongqing's special steel market remained stable this week. The current market price is 45#5430 yuan/ton, Xining Special Steel 5520 yuan/ton, 40Cr5720 yuan/ton, 20CrMnTi5870 yuan/ton, chromium molybdenum 6350 yuan/ton . At present, the total stock of bars in the Chongqing market is 109,000 tons, a decrease of 10,000 tons from last week. The price of high-quality steel in the Chongqing market remained stable this week, with inventories still at a high level and slowing down. As the end of the month was approaching, the market mainly received repayments, and the market price was generally stable. At the beginning of the week, due to the rise in black futures, shipments were acceptable, but The transaction at the end of the week was not good, the recent market was repeated, the market price fluctuated rapidly, traders were more cautious, and the wait-and-see sentiment was strong. In addition, due to the impact of cost support, the price was stable.

3. Summary of price adjustments by special steel mills

From December 20 to December 24, the price adjustments of major special steel mills across the country are as follows: A total of 14 steel mills released price adjustment information in this period, and a total of 17 price adjustment information has been released. In this period, steel mills have adjusted their prices. The prices of steel mills have been mixed. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

4. Social inventory performance of excellent special steel

The total inventory of samples of high-quality special steel bars nationwide was 918,900 tons, an increase of 18,500 tons or 2.07% from the previous month.

The transaction volume of sample enterprises of high-quality special steel bars nationwide was 303,000 tons, a month-on-month increase of 14,900 tons, an increase of 5.17%.

5.The market price of special steel will fluctuate next week

Based on the above situation, the price rose slightly this week. It is expected that the price of the special steel market will drop and fluctuate next week.